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Assume you own a churro stand. Also assume the next unit of labor that you hire produces 16 churros per hour, and the next machine
Assume you own a churro stand. Also assume the next unit of labor that you hire produces 16 churros per hour, and the next machine you could buy makes 21 churros per hour, Assuming you were seeking to expand churro production, which should you as a profit-maximizing firm hire next? Group of answer choices Not enough information because the cost of each resoure is not given. The machine because it makes more churros per hour than the worker. the worker because it contributes to employment and will ultimately improve demand for churros
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